Economics

As the world economy prepares for a slowdown following interest rate hikes, China will account for a sizable portion of the recovery in global oil demand, according to Wood Mackenzie.

Experts caution that the collapse of Credit Suisse has seriously damaged Switzerland’s standing as the top hub for wealth management, casting doubt on its reputation for stability, regulation, and corporate

Lower mortgage interest rates were at least one benefit of last week’s turmoil in the banking sector for American homebuyers. After Silicon Valley Bank’s failure and emergency measures to support

With the collapse of the digital currency markets and numerous company collapses, the crypto industry has had a difficult year. Hong Kong is attempting to establish itself as a hub

In 2022, American LNG shipments to Europe increased to 117.4 million cubic meters. According to a study by the White House Council of Economic Advisers, that is nearly 2.5 times…

Nikkei newspaper reports that representatives of the Japanese Ministry of Finance, the Bank of Japan, and the Financial Services Agency are coordinating the possibility of a meeting on Friday evening…

In comparison to the same time last year, China's aluminum production increased 7.5 percent in the first two months of this year, according to data released by the National Bureau…

According to the International Energy Agency's (IEA) monthly report, China and the aviation sector will be the primary drivers of the projected 2 million barrels per day increase in global…

Wealthy Chinese clients have revealed that they are extremely concerned about keeping money in Swiss banks due to the possibility of being placed on sanctions lists – primarily because of…

Sanctions imposed by the United States on Russia have begun to erode the dollar’s decades-long hegemony over international oil trade, as most transactions with India, Russia’s main seaborne crude export

The Dutch government joined the American effort to limit chip exports to China on Wednesday by announcing new restrictions on semiconductor technology exports to safeguard national security. The announcement represented

The total U.S. military budget for the fiscal year that starts on October 1 will rise to $835 billion from the current $816 billion.

The Federal Reserve will most likely have to increase interest rates more than anticipated in the face of current strong data, and it is prepared to take larger steps if

China will establish a new financial regulatory body to consolidate oversight, according to analysts, in order to close gaps with multiple agencies monitoring different aspects of its trillion-dollar financial services

According to JP Morgan analysts, there is a 15% chance that the United States will experience a recession in the first half of 2023.

The amount invested in the extraction of oil worldwide is decreasing on average by $500 billion a year, and this may result in affordability and security issues, said Haitham Al…

Australia's central bank increases the key rate to 3.6 percent, the highest level in more than a decade.

China intends to spend heavily to help its chip sector overcome US export restrictions, but money can only go so far unless Chinese firms can break free from a cycle

According to the country's draft 2023 budget, Chinese officials will raise the military budget by 7.2 percent to 1,553.7 billion yuan (roughly $224.8 billion) in 2023.

In an interview with Spanish television station Antena 3, the ECB’s head Christine Lagarde stated that the European Central Bank (ECB) will once more increase its key rate by 50…

The fourth quarter of last year saw venture capital funds raise $20.6 billion, which was 65% less than a year earlier and the lowest amount since 2013.

According to a news release posted on the official website of Mexico, President Manuel Lopez Obrador designated 235 thousand hectares of land in the northern state of Sonora as a…

To better prevent risks in the nation’s financial system, China’s banking regulator and central bank intend to implement a more differentiated regulatory system for evaluating commercial banks’ capital adequacy and

As the auto industry was hit hard by Western sanctions over the conflict in Ukraine, spending on new cars in Russia more than halved last year. Production fell, prices shot

The U.S. Federal Reserve is expected to raise interest rates three more times this year, according to Goldman Sachs and Bank of America, who raised their projections after data indicated

A mechanism for joint fertilizer purchases within the EU was suggested by the European Parliament.

After three years, the world’s largest factory and most populous country finally opened for business, sparking a surge in demand as well as worries that it will exacerbate inflationary pressures

According to the CEO of American software company Palantir, the effective use of artificial intelligence (AI) by Ukraine to target Russian forces has brought the technology to the attention of

After two consecutive months of declines, US retail sales increased in January for the first time in nearly two years as consumers increased their purchases of automobiles and other goods,

The euro area's gross domestic product (GDP) dynamics are still positive. According to Reuters, which used data from Eurostat, the figure had increased by 0.1 percent from the previous quarter…

According to the majority of economists surveyed by Reuters, who predict no reduction in interest rates by year’s end, the US Federal Reserve will increase interest rates at least twice

According to Bloomberg, the American maple syrup industry is under threat from warm winters. American producers are forced to relocate further north as a result of global warming. The maple…

Due to the amount of private and public debt in the eurozone, the European Central Bank (ECB) must avoid raising real interest rates too high, according to a top Italian

The US government published a $39 billion budget deficit in January, down from a $119 billion monthly surplus the previous year, as revenues fell and one-time costs, such as the

A stronger-than-expected US jobs report sparked worries that the Federal Reserve would keep policy rates higher for longer than expected, leading to the first weekly outflow in five weeks for

Factory gate prices in China for January dropped more than economists anticipated, indicating that upstream industries are not yet strong enough to rekindle the domestic demand that briefly stoked consumer

The largest US bank, JPMorgan Chase & Co., warned against prematurely claiming victory over inflation and warned that the Federal Reserve could raise interest rates above the 5% level if

In 2022, the US trade deficit increased by 12.2% to $948.1 billion. The Wall Street Journal reported this referring to information from the US Department of Commerce.

Retail investors are pouring money into small-cap companies developing artificial intelligence tools, as companies like Google parent Alphabet and Microsoft compete for the next big growth driver. The viral success

The results of the ECB survey, which were released on Tuesday, revealed that despite declining energy costs and rising interest rates, consumer inflation expectations in the euro area grew in…

Given the strength of the US labor market, US Treasury Secretary Janet Yellen said on Monday that she sees a path to avoid a US recession, with inflation falling significantly

According to Catherine Mann, a member of the Bank's monetary policy committee, the Bank of England may increase its benchmark interest rate once more in the future in order to…

The Federal Reserve Chair Jerome Powell sent a clear message: while it is “gratifying” that inflation has begun to slow, the central bank is far from reversing course or declaring

The US dollar fell on Thursday following the announcement of the US Federal Reserve that its fight against high inflation was coming to an end which raised hopes among market

According to a forecast by Fitch Ratings, liquefied natural gas imports to the European Union might increase by about 30%, from 120 billion cubic meters in 2022 to 155 billion…

At the forum at Singapore’s Shangri-La hotel, graduate student Zayn Zhang agreed with other many wealthy Chinese people that Singapore would be the best place to keep his family’s money.

According to Bloomberg, the European Union is thinking about restricting the cost of Russian diesel fuel at $100 a barrel. Additionally, it suggests capping the price of discounted oil products…

According to sources cited by Reuters, the Equinor energy corporation of Norway has begun selling its 20.21% ownership of the Nigerian offshore oil field Agbami.

According to the UN assessment on the global economic condition and its forecasts for this year, the growth rate of the U.S. GDP will slow in 2023; this year, the…

Creation of a regional currency is being discussed, as previously reported by the presidents of Brazil and Argentina, and Nicolas Maduro of Venezuela has voiced support for the notion.